We now have further evidence that the good rains that the Western Cape received over the past couple of months will have a meaningful contribution to South Africa’s 2020/21 winter crop production.
South Africa’s food price inflation accelerated to 4.6% y/y in July 2020, from 4.5% y/y in the previous month.
South Africa’s beef industry has maintained a trade surplus since 2014.
At this time of the year, the focus in the South African agricultural market would ordinarily be shifting towards the next summer crop season, which begins with the planting of grains and oilseeds around October of each year.
South Africa’s agricultural sector had a solid start to the year with first-quarter gross value-added growing by 27.8% q/q on a seasonally adjusted and annualised basis .
MARKET INTELLIGENCE REPORT- South Africa Grains and Oil Seeds Page
